Is Reddit Stock a Buy After Dropping Over 50% From Its 52-Week High?
Shares of social media company Reddit (NYSE: RDDT) were once on fire. In February, the stock soared to a 52-week high of $230.41.But then the macroeconomic picture became murky, with President Donald Trump's tariff policies adding to fears about the economy. Many stocks sank, including Reddit. Its shares were also affected when some Wall Street analysts raised concerns about Reddit's ability to maintain its impressive business growth.With the stock down 56% from its high, does the price drop present a buy opportunity? To answer that question, here's a deeper dive into the company.Continue reading
Shares of social media company Reddit (NYSE: RDDT) were once on fire. In February, the stock soared to a 52-week high of $230.41.
But then the macroeconomic picture became murky, with President Donald Trump's tariff policies adding to fears about the economy. Many stocks sank, including Reddit. Its shares were also affected when some Wall Street analysts raised concerns about Reddit's ability to maintain its impressive business growth.
With the stock down 56% from its high, does the price drop present a buy opportunity? To answer that question, here's a deeper dive into the company.
